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Mar 22, 2013
03/13
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KICU
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>> reporter: will drivel through the local economy. $20million every time the ncaa comes to town. this is the third time in seven years. >> 15, 17 hours a day, we've been here in the building. we love it. it's march madness, it's fantastic. >> reporter: with ice hockey a shortened season, six basketball games over today and saturday are especially welcome. for cal, it's almost like a home court. >> fans are so close to the action. it creates a terrific atmosphere. >> reporter: loud too at local bars and restaurants, where the games dominate tv. >> cardinal fans, rams fans, and big billikens fans. >> reporter: this couple from st. louis got their win, then watched all day. >> i can't believe how clean and beautiful the city is. everybody that we've seen has been so great to us. even the opposing team. >> especially the first two days of the ncaa tournament. a lot of upsets. you can hear the buzz, and people are pretty fired up here. >> reporter: once a cal player, now a fan, this dad paid $100 a ticket. >> i've only been here to see madonna. never been here for a sporting event. it
>> reporter: will drivel through the local economy. $20million every time the ncaa comes to town. this is the third time in seven years. >> 15, 17 hours a day, we've been here in the building. we love it. it's march madness, it's fantastic. >> reporter: with ice hockey a shortened season, six basketball games over today and saturday are especially welcome. for cal, it's almost like a home court. >> fans are so close to the action. it creates a terrific atmosphere....
109
109
Mar 22, 2013
03/13
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KTVU
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eye 109
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>> reporter: will drivel through the local economy. $20million every time the ncaa comes to town. this is the third time in seven years. >> 15, 17 hours a day, we've been here in the building. we love it. it's march madness, it's fantastic. >> reporter: with ice hockey a shortened season, six basketball games over today and saturday are especially welcome. for cal, it's almost like a home court. >> fans are so close to the action. it creates a terrific atmosphere. >> reporter: loud too at local bars and restaurants, where the games dominate tv. >> cardinal fans, rams fans, th st. louis got their win, then watched all day. >> i can't believe how clean and beautiful the city is. everybody that we've seen has been so great to us. even the opposing team. >> especially the first two days of the ncaa tournament. a lot of upsets. you can hear the buzz, and people are pretty fired up here. >> reporter: once a cal player, now a fan, this dad paid $100 a ticket. >> i've only been here to see madonna. never been here for a sporting event. it's clean, high-tech. we're in silicon valley, it's
>> reporter: will drivel through the local economy. $20million every time the ncaa comes to town. this is the third time in seven years. >> 15, 17 hours a day, we've been here in the building. we love it. it's march madness, it's fantastic. >> reporter: with ice hockey a shortened season, six basketball games over today and saturday are especially welcome. for cal, it's almost like a home court. >> fans are so close to the action. it creates a terrific atmosphere....
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109
Mar 21, 2013
03/13
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KQED
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eye 109
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between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay the course. of course, he's not willing to commit what, you know, what's going to happen in the future as far as the quantity of easing programs are concerned. guns, there's still quite a lot of uncertainty about how long that's going to continue for. but our expectation is that it's still going to continue through this year and then will wind down in 2014. but, yeah, we do expect to support the federal reserve. >> and that, yon, is what i wanted to ask you about. did you divine any hints in the press conference or the statement today about when the federal reserve might take its foo
between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay...
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Mar 25, 2013
03/13
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KICU
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the faa will now only close 149, due to concerns over national security and the economy. a suprising new study from bankrate.com shows when the payroll tax cut ended this year, it did not have a major effect on all consumers. "more than half of americans haven't noticed the payroll tax expiring at the first of the year. and, even more surprising, those that were expected to cut back on their spending as a result - the lower-income households - are the least likely to have cut back on their spending." greg mcbride of bankrate.com says americans earning between $50,000 and $75,000 were more likly to cut back on spending because of higher payroll taxes, compared to people making $50,000 or less, who did not change their spending habits as much. tuning in now to some corporate earnings, friday, two big-name stocks provided a lift to the markets. tiffany sparkled when it reported solid 4th-quarter results as sales in asia picked up, especially for silver jewelry, while darden restaurants also beat the street. revenue was up thanks to some new restaurant locations. however, it
the faa will now only close 149, due to concerns over national security and the economy. a suprising new study from bankrate.com shows when the payroll tax cut ended this year, it did not have a major effect on all consumers. "more than half of americans haven't noticed the payroll tax expiring at the first of the year. and, even more surprising, those that were expected to cut back on their spending as a result - the lower-income households - are the least likely to have cut back on their...
SFGTV: San Francisco Government Television
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49
Mar 18, 2013
03/13
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SFGTV
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and after we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we continue to tour. reputation grows and grows and grows and it has never stopped going forward. msk(music) >> the bay area knows the orchestra. you maybe take things for granted a little bit. that is simply not the case will go on the road. the audiences go crazy. they don't see vitality like this on stage. we are capable of conveying joy when we play. msk(music) >> any performance that we do, that a program, that will be something on the program that you haven't heard before. string orchestra repertoire is pretty small. i used to be boxed into small repertoire. i kept constantly looking for new repe
and after we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we...
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Mar 23, 2013
03/13
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KQEH
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eye 100
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>> well, from an economic standpoint the economy has been relatively shruggish. fourth quarter was barely positive. to some degree hurricane sandy has been taking half a percent or so out of growth. as we get into the spring months that will result in an economic pick up based upon the rebuilding. we think a lot of the noise relating to washington is starting to fade, the fiscal cliff, sequester, the debt ceiling, all of those issues seem to be moving out later into the year. so as a result the impediments that were slowing the economy down over the last couple of quarters we think will result in better economic growth. the equity market is starting to sense that. i think to some degree that is some of the reasons why the markets ignored washington and ignored sandy so far this year and is up 10% or so. >> that is why you have such a bullish forecast for the s&p. you are calling for it to end the year at 16.60. it is all going to play out pretty strongly. >> we think corporate earnings will chug along may increase about $108 full year for the s&p. we think we wil
>> well, from an economic standpoint the economy has been relatively shruggish. fourth quarter was barely positive. to some degree hurricane sandy has been taking half a percent or so out of growth. as we get into the spring months that will result in an economic pick up based upon the rebuilding. we think a lot of the noise relating to washington is starting to fade, the fiscal cliff, sequester, the debt ceiling, all of those issues seem to be moving out later into the year. so as a...
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Mar 20, 2013
03/13
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KTVU
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. >> it brings a lot of money and helps the economy. >> we want to make sure the people know the event is happening this year. >> reporter: the new organizers say it will be scaled back. >> we're not going to have 7 stages. we'll go back to the way it started. >> reporter: new organizers say they need corporate sponsors. after this year they'll work on a five year plan to keep it out of jeopardy in the future. >>> ktvu learned that a man shot do death was under surveillance in a homicide. we're told the driver was a person of interest in a homicide in san jose last week. police say the driver accu celebrated toward an officer and the officer opened fire. some neighbors are questioning the use of force. >> too extreme. there are a lot of kids and people out. >> i would think they would have some precaution or back down a little bit. >> the driver died at a hospital. his name has not been released. >>> cal train says a pedestrian was killed on the tracks this afternoon. a north bound train struck the pedestrian south of the deer don station just after 4:00 p.m.cal train says there was on
. >> it brings a lot of money and helps the economy. >> we want to make sure the people know the event is happening this year. >> reporter: the new organizers say it will be scaled back. >> we're not going to have 7 stages. we'll go back to the way it started. >> reporter: new organizers say they need corporate sponsors. after this year they'll work on a five year plan to keep it out of jeopardy in the future. >>> ktvu learned that a man shot do death was...
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117
Mar 21, 2013
03/13
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KICU
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eye 117
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among stocks sensitive to what's going on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost more than a dollar. the construction equipment company said sales of its machines are down 13%. homebuilder lennar attracted buyers as the stock rallied $2 as the company reported its well positioned for this year and next. monster energy is changing the way it markets its products. energy drinks will now be classified as a "beverage" -- instead of a "dietary supplement." under the switch: monster will no longer be required to inform regulators about reports linking its drink to injury or deaths. rockstar energy made a similar move. energy drinks are under intense scrutiny after a 14 year old girl died after drinking two cans in one day. as for the tobacco industry.. graphic images of diseased lungs will "not" appear on cigarette labels
among stocks sensitive to what's going on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost more than a dollar. the construction equipment company said sales of its machines are down 13%. homebuilder lennar attracted buyers as the stock rallied $2 as the company reported its...
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635
Mar 20, 2013
03/13
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CNBC
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economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i stil
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is...
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Mar 25, 2013
03/13
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KNTV
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i'm cautiously optimistic about the economy. it seems as if despite the unemployment, despite the debt, that consumers were spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. >> what about the minimum wage in this country, howard? is 725 enough? lots of pushes to take that up to $9 as president obama as talked about. >> i think the minimum wage issue is a double-edged sword. and what i would not want to see is the minimum wage go up and as a result of that employers starting to hire less people or cutting people's hours. and so you have to be very careful of the unintended consequences. on balance, i am a supporter of the minimum wage going up, but i think we have to be very, very careful. and i would say in terms of the health care law that is going to go into effect, there are significant unintended consequences that was not thought out as much as it should have that will significantly affect the cost structure of small businesses. and this is an example where i
i'm cautiously optimistic about the economy. it seems as if despite the unemployment, despite the debt, that consumers were spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. >> what about the minimum wage in this country, howard? is 725 enough? lots of pushes to take that up to $9 as president obama as talked about. >> i think the minimum wage issue is a double-edged sword. and what i would not want to see is the...
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Mar 22, 2013
03/13
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KQED
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which could be best for you in today's economy. but first, let's take a look at what treasuries were up today. insurances and commodities closed. >>> with home prices on the rise and mortgage rates still near historic lows, a lot of would-be home buyers are looking to jump in while others remain cautious. today's housing market, is it wiser to rent or own your home? diana olick looks for answers. >> so this is the place. >> reporter: newlyweds brian and ally earl are ready to buy their first home together. while owning a home seems daunting, renting just doesn't add up anymore. >> to be honest, it keeps going up. i think we've seen our rent go up over 20% in the last two years. and you don't really have control over your property. >> reporter: rents are rising at an annual rate of 3.5%. but home prices are rising faster. so should you buy or rent? analysts say it's 44% cheaper to buy, but only if you stay in your home for seven years, itemize your deductions and get a 3.5% mortgage rate. >> right now, with how interest rates are, b
which could be best for you in today's economy. but first, let's take a look at what treasuries were up today. insurances and commodities closed. >>> with home prices on the rise and mortgage rates still near historic lows, a lot of would-be home buyers are looking to jump in while others remain cautious. today's housing market, is it wiser to rent or own your home? diana olick looks for answers. >> so this is the place. >> reporter: newlyweds brian and ally earl are ready...
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Mar 21, 2013
03/13
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KTVU
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. >> the issue, the people of california care about most right now: the economy. >> 71% of likely voters say getting control of the federal deficit should be the top priority for congress this year. 52% say immigration reform is a top issue. 42% say new gun control policies are the most important issues. and 33% say efforts to combat climate change should be the priority. >> 7:08. we know what sal's priority is keeping a close eye on traffic. >> okay. right now we are looking at a community much better than it was yesterday. we have slow downs obviously. let's take a look at the bay bridge. earlier minor crash. didn't last for too long. but the metering lights were turned on and slowed down for a bit. so it's a little worse than it normally is. backed up to the mc arthur maze. 30-35 minute delay. if there are no other problems on the bridge, this will begin to wind out and by 8:00 see an improvement. this morning's commute has been busy on 880 between hayward and fremont. we're talking about the livermore valley as well. westbound 580 slowing coming in over the pass. but no problems into
. >> the issue, the people of california care about most right now: the economy. >> 71% of likely voters say getting control of the federal deficit should be the top priority for congress this year. 52% say immigration reform is a top issue. 42% say new gun control policies are the most important issues. and 33% say efforts to combat climate change should be the priority. >> 7:08. we know what sal's priority is keeping a close eye on traffic. >> okay. right now we are...
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Mar 20, 2013
03/13
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FBC
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about, that ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very much shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery. the upside of them being wrong so often that they actually acknowledge it and try and adjust. so
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about, that ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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Mar 19, 2013
03/13
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KNTV
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we've seen a strong tech industry and we've seen an improved housing economy and these are good times for the south bay and now we have march madness on top of it. the games of course here at hp pavilion but ripple effects will be felt throughout downtown san jose. welcome to the ground floor of march madness. literally. crews hammering in the basketball court that will host teams from around the country here at hp pavilion while the cooking staff is prepared to handle the rush of basketball players, fans and officials. >> we anticipate being sold out for the next four nights with reservations and dinner parties. we have several private dining rooms that are also booked for officials and special dinners and things like that. >> reporter: downtown restaurants, hotels and other businesses will all benefit from the tournament. >> it's an honor for us to host this event again. >> reporter: while the arena which just had the floor shipped in from ncaa headquarters will have its moment in the spotlight too. >> it showcases itself well. it looks great on tv. we have a full service staff here
we've seen a strong tech industry and we've seen an improved housing economy and these are good times for the south bay and now we have march madness on top of it. the games of course here at hp pavilion but ripple effects will be felt throughout downtown san jose. welcome to the ground floor of march madness. literally. crews hammering in the basketball court that will host teams from around the country here at hp pavilion while the cooking staff is prepared to handle the rush of basketball...
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Mar 19, 2013
03/13
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KBCW
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the world economy hit another speed bump today. once again they came from europe. this time in a good old fashion bank run. cbs news reporter on the tax plan that emptied out the atm's. >> there is growing anger. hundreds gathered in the streets to protest their bank accounts. they were trying to pull their money out. and that the banks will shut down at least until thursday as they are waiting for the banks to reopen. >> it is our time to draw all that money. we can't trust them anymore. yeah, it's sick. >> reporter: the secret administrators met on monday to discuss a plan. the government wants to take money from their citizens to help with the troubled financial system in the country. lawmakers are expected tvote on the package on tuesday. the proposal to take money directly from peoples accounts have never been done before. markets around the world fell up here in london, but opened up with a triple drop. >> it sort of goes with the primal fear of people that will protect their nest egg for the future. and that it will disappear. >> reporter: it is leading to t
the world economy hit another speed bump today. once again they came from europe. this time in a good old fashion bank run. cbs news reporter on the tax plan that emptied out the atm's. >> there is growing anger. hundreds gathered in the streets to protest their bank accounts. they were trying to pull their money out. and that the banks will shut down at least until thursday as they are waiting for the banks to reopen. >> it is our time to draw all that money. we can't trust them...
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111
Mar 20, 2013
03/13
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CNBC
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and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the rescue? will the banks there ever reopen? and will it stay in the eu? we've reports from moscow and cyprus, coming up next, please stay with us. >> situation in cyprus getting worse today, banks will not open until next week at the he earliest. good evening michelle. >> larry, another day, another attempt to try to come up with a rescue plan for cyprus, today cyprus suggested that they would try to raid a pension fund, and promise to pay the workers down the road. but that idea was not liked. additionally they are trying get money fr
and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the...
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611
Mar 22, 2013
03/13
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CNBC
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eye 611
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. >> in terms of longer term, do you think this economy improves second half or do you think it slows down? >> i think, as a matter of fact, we're probably in the second quarter. you'll start seeing slow growth. but i think as this summer winds, you know, goes through, we'll start seeing some growth again. i do think that by the end of the year, we're going to be not a lot higher, but i think we'll be at all-time highs as the year goes on. probably the the end of the summer, the third quarter going into the fourth quarter. i'm positive. >> so bill, because the s&p capital iq estimates call for 0.6% growth the first quarter and then it goes up to 7%. so they're expecting profits to actually reaccelerate second half. >> lee munson, you're the only outside guest buying stocks here. what are you buying here? >> you know, i'm just focusing where i need to get some more exposure. i'm focusing first on emerging markets. they've lagged year-to-date. i think they can outperform by december 31st. i like the emerging markets to add more money today. i would also say, add more money to the s&p 50
. >> in terms of longer term, do you think this economy improves second half or do you think it slows down? >> i think, as a matter of fact, we're probably in the second quarter. you'll start seeing slow growth. but i think as this summer winds, you know, goes through, we'll start seeing some growth again. i do think that by the end of the year, we're going to be not a lot higher, but i think we'll be at all-time highs as the year goes on. probably the the end of the summer, the...
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132
Mar 22, 2013
03/13
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KPIX
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tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see the endangered animal swim, eat, and play. and some serve as sere gate mothers to abandoned otter pups. >>> another little cute furry guy. an indictment was filed against punxsutawney phil. a prosecutor in ohio is accusing phil of lying to the whole country. in february phil predicted that spring would come early. many states are still seeing snow. the indictment is a little tongue and cheek. >>> we want to show you this live. president obama right there live just about to leave israel. heading to jordan. he's at the airport in tel aviv. he just spent 20 minutes meeting with benjamin netanyahu. the president is about to leave israel. heading to jordan. we'll have all the details coming up. >>> let's go back over to sal as we get closer to 7:00. >> we are looking at the toll plaza. there is a little bit of a wave here pam a
tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see the endangered animal swim, eat, and play. and some serve as sere gate mothers to abandoned otter pups. >>> another little cute furry guy. an indictment was filed against punxsutawney phil. a prosecutor in...
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138
Mar 22, 2013
03/13
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KTVU
tv
eye 138
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tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see
tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see
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94
Mar 26, 2013
03/13
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CNBC
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eye 94
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what is for sure, tyler, is the economy here will contract significantly. anywhere between 10% and 30%. they'll contract the financial sector, which is up until now, 50% of the economy. that's why all those people are protesting. they know what's coming. it's going to be painful. >> michelle caruso-cabrera, thank you very much. sue, down to you. >> ty, goldman sachs, one of the big stocks to watch today. let's look at the stock. it's up about 15% so far this year. the investment bank will have a new top ten shareholder soon, with the stock down just a fraction today of a percent at 14585. that new shareholder in a big ware, warren buffett. our mary thompson is here with more. >> buffett's future ranks among shareholders is borne from a crisis era deal that help to shore up goldman in 2008. where he ultimately lands in the ranks will depending on the share price. the two sides amending the original agreement, saving buffett to shem out money he would have -- and saving goldman from diluting its existing shareholders. here is how it works. in exchange for the
what is for sure, tyler, is the economy here will contract significantly. anywhere between 10% and 30%. they'll contract the financial sector, which is up until now, 50% of the economy. that's why all those people are protesting. they know what's coming. it's going to be painful. >> michelle caruso-cabrera, thank you very much. sue, down to you. >> ty, goldman sachs, one of the big stocks to watch today. let's look at the stock. it's up about 15% so far this year. the investment...
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218
Mar 21, 2013
03/13
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CNBC
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eye 218
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you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's exactly what happened today. ben bernanke allowed the averages to power higher. dow gained 56 points. the s&p rising today, nasdaq jumping .78%. it's not sleight of hand or alchemy at work here, despite what critics say when they constantly slam the fed. >> boo! >> bernanke is not playing a game of move the stock market higher by simply continuing to keep the competition from bonds incredibly weak. he's got a real good reason for doing what he's doing, which is staying the course, keeping rates low. that reason? 1937. see, ben bernanke is a rigorous guy. he's a professor and a genuine scholar of american finan
you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's exactly what happened today. ben bernanke allowed the averages to power higher. dow...
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80
Mar 21, 2013
03/13
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FBC
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eye 80
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economy. or is about the european debt crisis and slumping steaks -- tech stocks are weighing on the market. the major averages are all on track to finish in the red. nike running lower ahead of third quarter earnings due out after the bill today. the global sports apparel at the where companies expected to report earnings per share of $0.67 on just over 6 billion in revenue. nike has had a good track record , beating in three of the last four quarters. getting your starbucks fix could use some free joke. the coffee chain expanding its popular customer rewards program. shoppers dinner points for free drinks and food after buying starbucks back coffee at the food store. and now we continue our "countdown to the closing bell" with sheryl. ♪ cheryl: clinical trials of the prescription. shares of acadia pharmaceuticals soaring to a new height. let's head back to nicole petallides on the floor of the new york stock exchange. >> reporter: l.a.'s taken fund selected a company that is building in ma
economy. or is about the european debt crisis and slumping steaks -- tech stocks are weighing on the market. the major averages are all on track to finish in the red. nike running lower ahead of third quarter earnings due out after the bill today. the global sports apparel at the where companies expected to report earnings per share of $0.67 on just over 6 billion in revenue. nike has had a good track record , beating in three of the last four quarters. getting your starbucks fix could use some...
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Mar 19, 2013
03/13
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CNBC
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i don't think they've seen enough evidence yet that the economy's firm. and thus ready to pull back. >> when you look at what the fed, very different thing. if you look at what he's likely to do as he goes i guess through the rest of the year and potentially retire, do you think he starts to get positive on the economy just because he wants to say i told you so? >> no. that's not the way he works. what you have now is really a bifurcated economy. growth in the first quarter isn't that bad. private sector employment has gone over 200,000, so that seems to be picking up steam, but at the same time, fiscal policy the tightening and could hold growth back. i don't think he feels any need to beat his chest at this point. >> at the same time, we had a flurry of wall street firms revise their gdp estimates for the quarter. based on that surprise retail sales numbers. >> they're going to be updating their forecasts and i think they're going to be in the two directions. they should be more upbeat about the private sector growth and that creates an upward pull on g
i don't think they've seen enough evidence yet that the economy's firm. and thus ready to pull back. >> when you look at what the fed, very different thing. if you look at what he's likely to do as he goes i guess through the rest of the year and potentially retire, do you think he starts to get positive on the economy just because he wants to say i told you so? >> no. that's not the way he works. what you have now is really a bifurcated economy. growth in the first quarter isn't...
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Mar 22, 2013
03/13
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that money will trickle down into the economy. you're going to kill it this way. >> it doesn't -- >> the truth is, let me push back on you as well, because is it really fair that if i go into a store i'm paying tax and if i do it online, i'm not? >> it's okay, because the local brick and mortar store is getting the tax benefit of that state. so why should a retailer go ahead and pay tax in a state that they're not in? and it's competition. certain states don't have sales tax and you see businesses going to those states. so let the free market reign out there and stop this madness. >> i'm not so sure it's madness. i think what you're trying to do is, i hate to use the cliche, but level the playing field here. and regardless of whether somebody's getting a service, these are the sorts of things that drive us as consumers, and if there's sales tax applied to the purchase that i make on the internet, that's not going to be the determinant with that suddenly sends me back one way or another. it will be a factor in where i decide to mak
that money will trickle down into the economy. you're going to kill it this way. >> it doesn't -- >> the truth is, let me push back on you as well, because is it really fair that if i go into a store i'm paying tax and if i do it online, i'm not? >> it's okay, because the local brick and mortar store is getting the tax benefit of that state. so why should a retailer go ahead and pay tax in a state that they're not in? and it's competition. certain states don't have sales tax...
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Mar 21, 2013
03/13
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what's your theme right now for the global economy? >> we still like stocks over bonds, but we're getting nervous. >> because of evaluations? >> we've come so far, so fast. double-digit gains last year. we're almost up 10% this year, even after today. but we think -- so you're kind of set up for a correction. the other thing is how optimistic everybody is. everybody's jumped on the bandwagon, so we felt a lot better in december, when not everybody was with it. but i think if there's any correction, it's not going to be as big as the last few years. the fiscal fights are over in washington. less fear of double dip in the u.s. less worries about europe breaking up, cyprus notwithstanding, or china hardlining. so we would see it as a buying opportunity. >> so what do you want to do, then? should you be taking profits on some of those names you've made money on already? how do you look at a market that you're still bullish on, but are getting a little nervous because of evaluations? >> i can't time this correction. >> right, you don't want
what's your theme right now for the global economy? >> we still like stocks over bonds, but we're getting nervous. >> because of evaluations? >> we've come so far, so fast. double-digit gains last year. we're almost up 10% this year, even after today. but we think -- so you're kind of set up for a correction. the other thing is how optimistic everybody is. everybody's jumped on the bandwagon, so we felt a lot better in december, when not everybody was with it. but i think if...
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Mar 20, 2013
03/13
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david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food stocks today, a slew of flames hitting life-time highs -- names. hershey, flower foods. j&j snack foods and hormel on the list. david: the markets continued their climb as the federal reserve vowed to keep the printing presses roll being but is the market the only thing really benefiting from their programs? former congressman and long-time fed critic ron paul is telling us exclusively how all this could have potentially, extremely dangerous impact on the money you have in the bank and our country in general. lauren: plus cyprus may be the on the brink of default and looking to confiscate people's mone
david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food...
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Mar 20, 2013
03/13
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i am cautiously optimistic about the economy. it seems as if, despite the unemployment, despite the debt, that consumers are spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. having said that, i think one has to be incredibly concerned about the fragile nature of western europe, what's happening in cyprus, and other geopolitical issues that ultimately affect the united states. >> what about the minimum wage in this country, howard? is $7.25 enough. lots of pushes to take that up to $9, as president obama has talked about. the average starbucks barista, according to glassdoor website, makes $8.78 an hour. >> well, that's a little misleading, but i'll come back to that. you know, i think the minimum wage issue is a double-edged sword. and what i would not want to see is the minimum wage go up and as a result of that, employers starting to hire less people or cutting people's hours. and you have to be very careful of the unintended consequences. on balance, i am a sup
i am cautiously optimistic about the economy. it seems as if, despite the unemployment, despite the debt, that consumers are spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. having said that, i think one has to be incredibly concerned about the fragile nature of western europe, what's happening in cyprus, and other geopolitical issues that ultimately affect the united states. >> what about the minimum wage in this country,...
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Mar 19, 2013
03/13
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has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour. >> take care, maria. >> what do you think? we're finishing positive here. this market doesn't want to go up? you think some of that's short covering? >> i think that's what we're see right now. finishing up the day. right now people will have to play it cautiously. we haven't seen the end of the cyprus thing. we have some negotiating going on from russia. the impact of that, as you mentioned, is a little minor relative to the size and scope of them, but it's whether or not that moves into italy, spain, as we've all been talking about. >> the contagion. thanks, terry, good to see you. looks like we will finish posit
has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour. >> take...
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Mar 21, 2013
03/13
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CNBC
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he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not coming down. britain was an experiment two years ago in rapid austerity. i think the markets here know what the country here in britain knows, it's failed. >> they did come out saying business applauded measures yesterday, which i'm sure he would also applaud. 32 pounds of national insurance. that's going to help job creation, cutting corporate tax rates again. infrastructure spending, he's done that, as well. there are very business friendly measures here and it's the private sector, after all, that's going to get the growth going in this country. >> look, the small busin
he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not...
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Mar 20, 2013
03/13
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economy and the continued rise of e-commerce. they go up 8% very much in line with the s&p. >> so you must have bought more this morning. >> no. i mean, we have been a holder of it before christmas. still up over 8%. but look if you're a trader in the stock market, it will still be choppy. but long term, buy on the dip. >> what -- >> i was going to say i disagree, simon, because if you look at the guidance going forward, it trades at 17 times, but still having trouble meeting analyst estimates. what do you see that's going to change on the international revenue front? >> okay, i think it was over the last five years, only two estimates that missed, which is last quarter and this quarter. a big part of that is the miss on guidance. because we know they go through a massive restructuring. so i think the problem isn't identified yet. it's a choppy area. but to be fair to the country and the guidance, you have massive restructuring. you're taking people out of retirement. get massive cost cuts in the area. it will be difficult to giv
economy and the continued rise of e-commerce. they go up 8% very much in line with the s&p. >> so you must have bought more this morning. >> no. i mean, we have been a holder of it before christmas. still up over 8%. but look if you're a trader in the stock market, it will still be choppy. but long term, buy on the dip. >> what -- >> i was going to say i disagree, simon, because if you look at the guidance going forward, it trades at 17 times, but still having...
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Mar 21, 2013
03/13
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economy has gotten stronger. today's economic data may back their theory but with sequester cuts just beginning to roll out and poor guidance from some of the world's largest companies, how long will it last? we'll ask top economist jeffrey cleveland. sandra: pay tv providers losing customers according to a new study. later in the show one of the top analysts on the street will give us a look into the future of television and tell us what companies will suffer and which ones will come up on top. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go t to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. and make your business dream a reality.
economy has gotten stronger. today's economic data may back their theory but with sequester cuts just beginning to roll out and poor guidance from some of the world's largest companies, how long will it last? we'll ask top economist jeffrey cleveland. sandra: pay tv providers losing customers according to a new study. later in the show one of the top analysts on the street will give us a look into the future of television and tell us what companies will suffer and which ones will come up on...
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Mar 22, 2013
03/13
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KPIX
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each time bringing in an estimated $20 million to the local economy. we were hoping that cal would advance but unfortunately lost to memphis. >> yeah last 30 seconds of that st. mary's game was heartbreaking but exciting at the same time. >> yes. >>> time is 4:49. you will be watching? >> i'm telling you man, cal tried to give that game back by missing free throws. are you kidding me? there was a little bit of yelling at my house. >> i would have them stand there and make 20 for every one they missed. >> you were reading twitter. that's what they said. we do have some traffic trouble out there in some areas. 80 westbound looks pretty good. eastbound 80 i see a couple flashing lights. i do want to mention that in social security lee toe southbound 101 just before the waldo tunnel a large bolder rolled down the hill and hit an suv. southbound 101 there is a boulder out there. if you know the area it came off that hill there. we'll let you know more about that. let's take a look at the bay bridge it's light at this time in the morning with no major proble
each time bringing in an estimated $20 million to the local economy. we were hoping that cal would advance but unfortunately lost to memphis. >> yeah last 30 seconds of that st. mary's game was heartbreaking but exciting at the same time. >> yes. >>> time is 4:49. you will be watching? >> i'm telling you man, cal tried to give that game back by missing free throws. are you kidding me? there was a little bit of yelling at my house. >> i would have them stand...
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Mar 26, 2013
03/13
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it will remain the pattern as long as our economy keeps growing and it will be the pattern as far as the eye can see. i want to take callers right now. i did a mess with the cheerios boxes here. mark in new hampshire. >> caller: jim, how are you? >> i hurt my back on saturday. >> caller: lake winnapesaukee boo-yah, brother. i've got a question for you. i own monster. i did really well. was up by 200%. i didn't sell it like an idiot. now it's down and i wonder if i should dump it now because of the heart attacks and last week's study about the heart conditions, all that good stuff? i don't know if i should dump it, even though i'm up a little bit and take that and maybe buy something else to try to get my position down. >> first of all, you're too hard on yourself. when you say you're an idiot, that's the way i talk. don't ever be like me. you're going to have to take medicine. here's the problem. there have been a couple senators writing these letters about monster and the letters read real bad, okay? you don't want senator -- we have enough problems with stocks. we don't want senato
it will remain the pattern as long as our economy keeps growing and it will be the pattern as far as the eye can see. i want to take callers right now. i did a mess with the cheerios boxes here. mark in new hampshire. >> caller: jim, how are you? >> i hurt my back on saturday. >> caller: lake winnapesaukee boo-yah, brother. i've got a question for you. i own monster. i did really well. was up by 200%. i didn't sell it like an idiot. now it's down and i wonder if i should dump...
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Mar 22, 2013
03/13
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KOFY
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as you might expect, eating and drinking the fans are doing a lot to stimulate the downtown economy. here is david louie. >> downtown san jose has bean teaming all day with game goers. one of the sports bars was packed at 10:30 in the morning. >> it's nonstop. all day long. all hands on deck. >> the fans were thirsty. beer was flowing continuously. the tabs kept mounting. san jose downtown association is says fans will pump one million dollars maybe more into the local economy. ken from boston ran down the numbers. he has tickets to all four games today. >> thousand dollars to fly down here, $500 for the tickets, two nights in a hotel, another $500, going out, $4,000. >> two brothers saw a golden gate golden opportunity to sell balloons. >> this will a weekend. >> couple hundred dollars? >> maybe around there. >> the scalpers are making a few bucks bu they avoided our camera. the games do no other thing can do, steady flow of people needing to drink and eat at certain times. business owners are ecstatic. number of pizzas they are selling. >> we are prepared to do those. so far we mad
as you might expect, eating and drinking the fans are doing a lot to stimulate the downtown economy. here is david louie. >> downtown san jose has bean teaming all day with game goers. one of the sports bars was packed at 10:30 in the morning. >> it's nonstop. all day long. all hands on deck. >> the fans were thirsty. beer was flowing continuously. the tabs kept mounting. san jose downtown association is says fans will pump one million dollars maybe more into the local...
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Mar 21, 2013
03/13
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it weakens those economies dramatically, weakens those countries. and it also weakens italy. >> you're saying potential contagion. finally, how does it get resolved? michelle is talking about a good bank/bad bank, nobody pays on deposits up to $100,000. the bailout is 10 billion euros from the european -- ecb. the bail-in is about $6 billion euros. so greece is looking for whatever they're looking for, $4 billion, $5 billion. or does europe bail that out even more? >> the biggest factor of all, dan and i were talking a couple minutes ago, the depositors above 100,000 will lose 40% to 50%. >> those are russians. they're going to be pissed off. >> the great systemic problem of giant bank failures is somewhat eliminated by what they're putting forward now. >> what do you think, dan? does this work? >> for our viewers i don't think it matters. the specifics are super interesting, we're going to go have a drink. what matters to people at home, what matters to the larger story is we decided that people's property in banks was not their own. >> in europe o
it weakens those economies dramatically, weakens those countries. and it also weakens italy. >> you're saying potential contagion. finally, how does it get resolved? michelle is talking about a good bank/bad bank, nobody pays on deposits up to $100,000. the bailout is 10 billion euros from the european -- ecb. the bail-in is about $6 billion euros. so greece is looking for whatever they're looking for, $4 billion, $5 billion. or does europe bail that out even more? >> the biggest...
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Mar 22, 2013
03/13
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KTVU
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each time bringing in an estimated $20 million to the local economy. we were hoping that cal would advance but unfortunately lost to memphis. >> yeah last 30 seconds of that st. mary's game was heartbreaking but exciting at the same time. >> yes. >>> time is 4:49. you will be watching? >> i'm telling you man, cal tried to give that game back by missing free throws. are you kidding me? there was a little bit of yelling at my house. >> i would have them stand there and make 20 for every one they missed. >> you were reading twitter. that's what they said. we do have some traffic trouble out there in some areas. 80 westbound looks pretty good. eastbound 80 i see a couple flashing lights. i do want to mention that in social security lee toe southbound 101 just before the waldo tunnel a large bolder rolled down the hill and hit an suv. southbound 101 there is a boulder out there. if you know the area it came off that hill there. we'll let you know more about that. let's take a look at the bay bridge it's light at this time in the morning with no major proble
each time bringing in an estimated $20 million to the local economy. we were hoping that cal would advance but unfortunately lost to memphis. >> yeah last 30 seconds of that st. mary's game was heartbreaking but exciting at the same time. >> yes. >>> time is 4:49. you will be watching? >> i'm telling you man, cal tried to give that game back by missing free throws. are you kidding me? there was a little bit of yelling at my house. >> i would have them stand...
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Mar 21, 2013
03/13
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FBC
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about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock market, people are worried about how real those numbers are. stuart: you're very much in touch with the political reaction going on in the economy. but there is no political reaction to middle america about what is going on here. president obama is still relatively popular, his policies are still relatively popular. >> his handling of the economy have dropped precipitously. he is now basically dead even with the republicans handling of the economy, so i think the president should be more worried about it than he is. re
about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock...
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Mar 20, 2013
03/13
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but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500 hitting the all-time closing high. what's your guess on when that happens? >> if it weren't for oracle, it would have been early in the morning tomorrow. and even with oracle, i think the market still has enough gas, melissa to get past that. but to j.j.'s point and everyone on the desk, i agree there are some in the armor. not to push the market down, but to keep the fed in that tight box, that is exactly where the fed is. they're stuck, they can't get out of this now. if you were looking for an early exit, ain't happening, folks. not happening, not getting out
but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500...